Libertas School
- Assets
- $4.9m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 115
- Location
- Memphis, TN
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 46-4684942
Organization Overview
Libertas School is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Libertas School employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Libertas School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Libertas School generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 19.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BE A SCHOOL FOR HUMAN FLOURISHING: CULTIVATING THE MINDS, HANDS, AND HEARTS OF CHILDREN IN MEMPHIS FOR LIVES OF WONDER, WORK, AND LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBERTAS IS A PUBLIC CHARTER SCHOOL OFFERING PRIVATE SCHOOL QUALITY EDUCATION. LIBERTAS OFFERS RICH, RIGOROUS AND PERSONALIZED LEARNING THROUGH THE LIBERAL ARTS EDUCATION APPROACH OF DR. MARIA MONTESSORI AND CORE KNOWLEDGE.
LIBERTAS IS A PUBLIC CHARTER SCHOOL OFFERING PRIVATE SCHOOL QUALITY EDUCATION. LIBERTAS OFFERS RICH, RIGOROUS AND PERSONALIZED LEARNING THROUGH THE LIBERAL ARTS EDUCATION APPROACH OF DR. MARIA MONTESSORI AND CORE KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Nardo Executive Director | Officer | 40 | $83,873 |
Vinessa Brown Board Chair | OfficerTrustee | 10 | $0 |
Francis Ginski Secretary | OfficerTrustee | 10 | $0 |
Andrew Boord Treasurer | OfficerTrustee | 10 | $0 |
Allison Leslie Vice Chair | OfficerTrustee | 10 | $0 |
Markise Rodgers Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,914,398 |
| All other contributions, gifts, grants, and similar amounts not included above | $918,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,832,574 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,841,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,925 |
| Compensation of current officers, directors, key employees. | $104,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,251,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $134,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $435,630 |
| Travel | $8,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,777 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,790,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,399,816 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,037,748 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,933 |
| Net Land, buildings, and equipment | $886,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $515,408 |
| Total assets | $4,876,341 |
| Accounts payable and accrued expenses | $603,038 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,253 |
| Total liabilities | $756,291 |
| Net assets without donor restrictions | $3,830,974 |
| Net assets with donor restrictions | $289,076 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,876,341 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Libertas School has recieved totaling $336,178.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $116,666 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL IMPACT | $100,000 |
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: MONTESSORI TEACHER RESIDENCY | $69,500 |
J R Hyde Iii Foundation Memphis, TN PURPOSE: SUPPORT FOR EXPAND & DIVERSIFY THE MID-SOUTH HUMAN CAPITAL PIPELINE TO SERVE SPECIAL & SOCIAL-EMOTIONAL NEEDS | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |